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Prithi acquired and placed in service $665000 of equipment on August 1, 2015, for use in her sole proprietorship. The equipment is 5-year recovery property.
Prithi acquired and placed in service $665000 of equipment on August 1, 2015, for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year. Prithi elects to expense the maximum amount under Sec. 179. Prithi's business taxable income before 179 is $250,000. She does not take bonus depreciation. Prithis total cost recovery deductions for 2015 are?
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